VANCOUVER, B.C. (November 14, 2011) – Tahoe Resources Inc. (Tahoe or the Company)(TSX: THO) is pleased to announce new drilling results from the Escobal project in southeast Guatemala. This update demonstrates significant expansion of known mineralized zones and provides continued optimism for deeper geologic upside at the project.

“These drill results are very encouraging,” said Brian Brodsky, Tahoe’s Exploration Vice President. “Drilling along vein extensions in virtually all directions demonstrates that the Escobal mineralized system is much more extensive than previously thought,” he added. “Escobal is already one of the largest and highest grade silver deposits under development. We expect these findings will enhance the mine plan, which currently calls for 317 million silver ounces to be mined over the next 18 years,” said Mr. Brodsky.

Since the latest announcement of exploration drill results on June 8, 2011, a total of 61 holes for 29,588 metres were drilled, bringing project-to-date drilling to 113,174 metres in 348 holes. Currently, eight drill rigs continue to in-fill the known resource and further define extensions to Escobal mineralization. The zone is now over 2,200 metres in strike length and 1,200 metres from the top elevation in the east to the bottom elevation in the west Margarito zone. The trend remains open laterally to the east and west, as well as to depth.

Exploration results point to significant resource growth potential in several areas:

• Wide-spaced East zone drilling has extended known mineralization to more than twice the area defined in the prior published resource study. A newly discovered change in deep vein inclination offers substantial future exploration upside in the down-dip area previously thought to be of limited potential. This new development is described as a dilational jog similar to what has been observed in the Central zone.

• West zone step-out drilling continues to define the west Escobal and Margarito veins more than 500 metres from the limit of prior resource drilling. Recent deep drilling confirms the down-dropped fault offset of the Margarito vein in the extreme west portion of the area.

• In-fill drilling in the deep Central zone continues to enhance confidence in those areas previously categorized as Inferred Resource. A number of deep Central zone intercepts remain open to depth and form compelling targets for future deep underground drilling.

Extensional and in-fill drilling at Escobal is expected to continue at the current pace utilizing eight drills until year-end. All drilling completed by year end is planned to be incorporated into a new NI 43-101 resource study and Preliminary Economic Assessment (PA), which is expected to be finalized in the second quarter of 2012. The goal of the new PA is to produce a mine plan in excess of 20 million ounces of annual silver production over the majority of the mine life.

The 2012 exploration budget of $10 million was approved by the Tahoe Board of Directors in the November 2011 budget meeting. This amount will support continued step-out and in-fill definition drilling at Escobal, as well as drilling at priority regional targets. The Escobal drillhole database is available on our website at www.tahoeresourcesinc.com. Available data include all new drill results, drill long sections, plan map of vein occurrences and recent site photographs. The long section is included at the end of this press release.

West Zone – Margarito Vein Definition
In-fill and step-out drilling continues to increase confidence in the Margarito vein mineralization, first reported in the June 8, 2011 press release. A total of 15 drillhole intercepts now define the Margarito vein over a +500 metre strike length and +600 metre vertical range, open to the west and to depth. The zone continues to express characteristics similar to the Escobal vein, with a transverse northwest strike, a steep south inclination and wider intercepts than those observed along the western Escobal vein. Several drillholes, such as E-297 and E-305, intersected both Escobal and Margarito veins, demonstrating the spatial separation of the individual structures.

The Margarito vein is entirely preserved with upper barren vein giving way to significant mineralization at depths of 200-250 metres below surface. To the west, the vein is down-faulted approximately 150 metres, evidenced by displacement of andesite and limestone markers and upper-level mineralization in holes E11-304 and E11-312. This western area is a high-priority prospect targeted for deep drilling in 2012.

With respect to the deep west limestone reported in our last press release, additional deep drilling has not delineated continuous carbonate basement rocks. Limestone detected in several holes is thought to comprise relatively thin (~80m) lenses or wedges within the volcaniclasticsediment basement unit. A deep carbonate hosted target is still anticipated, further deep drilling is planned for 2012, utilizing a specialized deep drill.

Table 1 – West Zone Highlights

Central Zone
Recent drilling in the deep Central zone was designed to add definition and convert a large portion of the PA resource from the inferred to the indicated category. Seven drillholes were completed since the last project update. Generally, in-fill holes appear to corroborate resource modeling. High-grade results (E-322) encountered in the deep portion of the zone extend mineralization 100 to 150 metres deeper than originally defined by earlier drilling. These deeper reaches of the zone remain open and will be further explored through underground drilling as the current West decline development progresses.

Table 2 – Central Zone Highlights

East Zone
Eleven new holes have extended the East zone 300 metres east to a total 800 metre strike length and 300 metres down-dip to a total 500 metre vertical range. Additionally, subsequent drilling in the area directly below the initial resource area (E-311, E-315) has demonstrated that the typical south-dipping vein transitions to a dilational jog similar in character, rock type and elevation as found in the Central Escobal zone. Additional drilling is currently underway to further assess open vein continuity to the east, west and to depth.

Table 3 – East Zone Highlights

Regional Exploration
Given encouraging drillhole and assay results, exploration priority throughout 2011 to-date has been assigned to the Escobal vein area. Regional exploration drilling is now expected to commence during the fourth quarter of 2011, as Escobal construction and site development activities accelerate.

Regional work is scheduled to start at the Varejones project, located 25 kilometres east of Escobal. At Varejones, three separate sub-parallel veins of similar grade and character to Escobal have been identified along a 3,000 metre long trend. The Company received environmental permits for planned drilling, entered agreements with surface owners and made road improvements and site preparations at Varejones. A portable core drill has been scheduled for startup in December and initial drill results are expected early in 2012.

National Election Results
On November 6, Guatemala held its presidential run-off election in Guatemala. Otto Perez Molina of the conservative Partido Patriota was elected and will be inaugurated on January 14, 2012. Mr. Perez ran primarily on a platform of law and order, and is expected to be supportive of business and responsible natural resource development. Since the end of the Civil War in 1996, Guatemala has experienced peaceful, democratic transitions of power with the election of a new president every four years.

Escobal Development Update
On February 15, 2011, Tahoe received approval for enhanced exploration and development activities at Escobal, including development of two declines, completion of a new access road and power line into the property, and construction of temporary facilities to support underground exploration. On October 21, 2011, Tahoe received approval of its Environmental Impact Statement (EIS) approval, clearing the way to commence construction of the process plant and supporting facilities. Applications have been filed with the Ministry of Energy and Mines (MEM) for the Escobal exploitation license, which is required prior to production start-up.

In late October 2011, Tahoe’s EPCM contractor, M3 Engineering and Technology, began mobilizing contractors to commence earthwork and construction of the process plant and associated support facilities. Miner training is ongoing and advance in the declines is progressing. A total of $83.1 million has been committed to-date toward the construction of the project, including $27.8 million for mine development and production equipment and $37 million for major process plant equipment. Mining equipment began arriving in May and the first major process plant components are expected to arrive early in 2012. All long lead-time items have been ordered and the original capital cost estimate of $326.6 million remains unchanged. As of September 30, 2011, the Escobal project employed a total of 365 people, of whom 95% are Guatemalan.

Third Quarter Financials
As of the end of the third quarter of 2011, the Company had a total of $382.6 million in cash, cash equivalents and term deposits and no debt. The Company expects this working capital is sufficient to fully fund project construction. First silver production is anticipated in the second half of 2013, with commercial operations expected in the first quarter of 2014.

The Company’s financial reports and MD&A for Q3 2011 can be found on SEDAR at www.sedar.com or the Company’s website, www.tahoeresourcesinc.com.

Quality Control and Assurance
Exploration drill samples were prepared by BSI Inspectorate Laboratories in Guatemala City and analyzed by BSI Inspectorate Laboratories in Reno, Nevada. A Quality Control program of blind reference standards, blanks, and duplicates is used to monitor the integrity of the analytical results, with duplicate assaying performed by ALS Chemex in Vancouver, BC and Reno, Nevada. Metallurgical sample analyses were completed by ALS Chemex, with additional duplicate analyses performed by FLSmidth Dawson Metallurgical in Salt Lake City, Utah.

All exploration samples are from diamond drill core that is sawn in half at regular sample intervals or based on geologic and mineralogic contacts. Metallurgical samples use whole drill core. Gold is analyzed by fire assay with atomic absorption (AA) finish; silver is analyzed by digestion/AA, with higher grade samples repeated using metallic screen fire assay methods. Lead and zinc are analyzed by induced coupled polarization or by digestion/AA, with high grade samples repeated using titration methods.

Estimated true vein widths presented above are calculated from drilled intercept lengths and the angles of intersection between drill holes and veins. Assay results presented are the in situ metal grades, with no cutting of high grades and no metallurgical recoveries applied.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices. A PA for the 3,500 tpd case has been filed on SEDAR and additional information is available on Tahoe’s
website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

###

Qualified Person Statement
This news release has been reviewed by Charles Muerhoff, Licensed Geologist and Technical Services Director for Tahoe Resources Inc., a Qualified Person as defined by National Instrument 43-101.

Cautionary Note
PA’s are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s March 3, 2011 Annual Information Form for the year ended December 31, 2010 (“AIF”) under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forwardlooking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forwardlooking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Director Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807 Mobile: 775-771-1461

Download the News Release (PDF)

VANCOUVER, B.C. (June 20, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to announce that the Company has been included in the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, both effective at the open of market today. Inclusion is based on market capitalization and liquidity tests.

The S&P Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor’s family of indices.

Tahoe is a premier exploration company developing the 100% owned Escobal Project in Southeast Guatemala and is positioned to be a leading silver producer with high quality, low cost assets in the Americas. A Preliminary Economic Assessment (PA) for the Escobal Project has been filed on SEDAR and additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

Download the News Release (PDF)

VANCOUVER, B.C. (June 8, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to provide an update to 2010 and 2011 drilling results in the East and Central zones and in veins proximal to the Escobal project. Since the last exploration update in September 2010, 49 holes have been drilled on the project, bringing project drilling to 277 holes for a total of 82,765 metres of core.

Wide-spaced step-out drilling to the east and the west ends of the Escobal vein has identified considerable resource expansion potential. Observed mineralogy and physical characteristics of new drill core are similar to those of the main Escobal vein tested to date, suggesting that the current Escobal mill design should be able to accommodate this potential resource growth.

An in-fill drilling campaign in the East and Central zones was completed early in 2011 to enhance resource confidence, provide core for further metallurgical testing and conduct hydrological investigations. Metallurgical variability testing is ongoing which indicates satisfactory results to date.

The Company has also commenced a regional exploration campaign, in which it expects to drill three target areas in 2011.

Margarito Zone Discovery
Recent drilling in the west Central zone has identified a second zone of wide veining north and west of the Escobal vein. This new Margarito zone is a west-northwest trending splay of the Escobal vein that is mapped in outcrop some 100 metres north of the Escobal structure. The character of Margarito vein mineralization appears to be similar to that of Escobal. The zone is distinguished by a west to northwest trend, a steep southerly dip and impressive size, up to 48 metres in true width. A plan map showing vein occurrences at Escobal is available on our website at www.tahoeresourcesinc.com.

Four drillholes (one with pending assays) have identified Margarito zone mineralization 375 metres west of and contiguous to drillholes reported in the November 29, 2010 Central zone resource update. The Margarito zone remains open to depth and to the west where evidence of range-front faulting appears to down-drop the zone to the west by approximately 200 metres. Infill drilling is currently underway and deeper drilling to the west is planned in the near future.

In a new and possibly significant development, deeper drilling to the west on the Central zone has recently encountered limestone below the volcaniclastic-sediment package that hosts the lower Escobal vein. This opens the potential for bulk-tonnage carbonate replacement style mineralization. A deep-capacity drill has been brought to the project and has recently commenced the first hole designed to explore for deep carbonate-hosted targets.

Significant results of Margarito zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

Central Zone Drilling
The Central zone accounts for the largest contribution to the current Escobal resource, due to wide veins and high grades. Since the current resource was published in November 2010, a total of 14 step-out drillholes and 10 in-fill (metallurgical) holes have been completed in the zone. In-fill drilling has corroborated earlier exploration results while step-out drilling illustrates extension of Central zone mineralization to depth. Additional extensional drilling below the Central zone will be carried out through a deep surface drill program and underground drilling as decline development advances throughout the year.

Recent drilling has identified a significant intercept in the Beto vein, a southeast trending splay off the Central zone Escobal vein. However, mineralization along this structure is erratic and more drilling is required to delineate vein extension and continuity laterally and at depth.

Significant results of Central zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

East Zone Step-out Drilling
Twelve recent step-out drillholes in the East zone have successfully extended mineralization 300 metres east and 300 metres to depth from the limit of previous drillhole intercepts. The East zone now covers an area roughly 600 meters laterally by 600 metres vertically and remains open to the east and to depth. The structure also remains open to the west, though grade and width appear to diminish in this direction. Additional drilling is planned to the east and directly below the East zone resource to explore for untested ore shoots.

Several drillholes in the East zone have intersected the Areneras vein, a northeast trending secondary structure that forms a splay of the East Escobal vein. Mineralization in the upper reaches of the Areneras vein show moderate grade (100-200 g/t Ag). Drilling is planned later this year to explore at depth where the structure remains untested.

Significant results of East zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

Regional Exploration
A regional drilling program has commenced, with first-pass drilling planned for three target areas this year.

The Morales project, a base metals vein system surrounding an historic copper, lead and zinc mine that operated in the late 1800s, was the focus of regional drilling earlier this year. The first three holes drilled at Morales were targeted below the mine workings and surface outcrops with significant base metal and silver values. These drillholes intercepted wide zones of alteration and narrow veins demonstrating moderate silver and base metal anomalies. As assays returned less than significant results, drilling was suspended while additional drill targets are evaluated.

Drilling is in the planning stages for the San Nicolas target, approximately 13 km northwest of Escobal. San Nicolas is a high-sulfidation gold target where a 1.5 square km zone of silicification is associated with a low-level gold anomaly. Drilling is designed to test this large alteration zone as well as select vuggy silica zones that exhibit high-grade gold (to 30 g/t Au) in outcrop.

Drilling at the Varejones target, 25 km to the east of Escobal, is expected to commence late in the third quarter. Varejones is an area of prolific epithermal veining with alteration, mineralization and grades similar to the Escobal deposit. Three separate veins have been identified to date at Varejones, covering a three km strike length. Preliminary drilling results from San Nicolas and Varejones are expected to be available late in the fourth quarter.

2011 Exploration Plan
Excluding underground drilling that will commence in late 2011, surface drilling during the year is expected to amount to 68,000 metres, with approximately 8,000 metres targeted to the regional program. Brian Brodsky, Vice President Exploration, stated, “We are very excited with exploration results to date. Metallurgical, geotechnical and hydrological studies for project development consumed most of our time in 2010, and now that step-out and regional programs are underway, we are again seeing potential for resource growth at Escobal.” Mr. Brodsky added, “The discovery of the Margarito vein and the shallower than expected lower limestone unit on the west end of Escobal are significant developments that open up exciting new possibilities. Deeper drilling is now underway with a higher-capacity drill to fully explore these zones.”

Currently, Tahoe employs seven drill rigs in the Escobal project. The Board of Directors recently authorized doubling the 2011 exploration budget to $12 million in order to further explore recent results and to develop projects of merit.

An updated Escobal drillhole database, including all new drilling results, a long section, a plan map of the vein occurrences and recent site photographs are available on our website at www.tahoeresourcesinc.com.

Escobal Development Update
On February 15, 2011, Tahoe received approval for enhanced exploration and development activities at Escobal, including development of two declines into the East and Central zones, construction of a new access road and powerline into the property and establishment of various temporary facilities. Since that time, training of underground miners has commenced, the new road is underway, the east and west portals have been established and temporary facilities constructed. A total of $11.6 million in underground equipment has been ordered, including three 45 tonne trucks, four 9 cu yd loaders, three twin boom jumbos, three rock bolters and other miscellaneous support equipment. A portion of this equipment has already arrived on site, and on May 6, blasting in the East decline commenced. During 2011, Tahoe expects to complete approximately 1,900 metres of exploration decline.

M3 Engineering out of Tucson, Arizona has been contracted to perform engineering, procurement and construction management (EPCM) activities for the Escobal project. Final design for the 3,500 tonne per day (tpd) mill and tailing facilities is well underway, the primary, secondary, and tertiary crushing units, ball mill, hydro-cyclones, rougher flotation cells, and tailings filters have been ordered, and further orders for mining and milling equipment are expected soon.

Given the exploration success to date at Escobal, M3’s scope of work includes expansion of the process plant throughput to maintain production at a minimum of 20 million ounces of silver annually. The mine and crushing plant are being designed to accommodate up to 5,000 tpd of ore mining capacity. The process plant has been designed with room for modular expansion by adding parallel grinding, flotation and filtering lines. The capital estimate for the 3,500 tpd operation, including the above considerations remains $326.6 million. Cost details for modular expansion to higher throughput levels have not been engineered, but have been estimated to be in the $50 to $60 million range.

Tahoe ended the first quarter of 2011 with $448 million in cash and zero debt. The Company remains extremely well-funded to carry out exploration programs, to move Escobal development forward and to consider expansion plans. Full mine construction is expected to commence in May 2012, subject to acquisition of all necessary permits. Production is projected for late 2013 with commercial production being reached in early 2014.

Quality Control and Assurance
Exploration drill samples were prepared by BSI Inspectorate Laboratories in Guatemala City and analyzed by BSI Inspectorate Laboratories in Reno, Nevada. A Quality Control program of blind reference standards, blanks, and duplicates is used to monitor the integrity of the analytical results, with duplicate assaying performed by ALS Chemex in Vancouver, BC and Reno, Nevada. Metallurgical sample analyses were completed by ALS Chemex, with additional duplicate analyses performed by FLSmidth Dawson Metallurgical in Salt Lake City, Utah.

All exploration samples are from diamond drill core that is sawn in half at regular sample intervals or based on geologic and mineralogic contacts. Metallurgical samples use whole drill core. Gold is analyzed by fire assay with atomic absorption (AA) finish; silver is analyzed by digestion/AA, with higher grade samples repeated using metallic screen fire assay methods. Lead and zinc are analyzed by induced coupled polarization (ICP) or by digestion/AA, with high grade samples repeated using titration methods.

Drill widths presented above are estimated true vein widths calculated from the angles of drill holes and vein intercepts. Assay results represent the in situ metal grades, with no cutting of high grades and no metallurgical recoveries applied.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. A Preliminary Economic Assessment (PA) for the 3,500 tpd case has been filed on SEDAR and additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

- Photo Gallery
- Long Section
- Vein Map

# # #
Qualified Person Statement
This news release has been reviewed by Charles Muerhoff, Licensed Geologist and Technical Services Director for Tahoe Resources Inc., a Qualified Person as defined by National Instrument 43-101.

Cautionary Note
The PA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Assessment will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s March 3, 2011 Annual Information Form for the year ended December 31, 2010 (“AIF”) under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

Download the News Release (PDF)

Vancouver, B.C. (May 3, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to announce the election of Tanya Jakusconek to the Company’s Board of Directors. Ms. Jakusconek is a highly regarded precious metals analyst who covers mining companies in North America, and has been honoured on numerous occasions as the “TopGun Analyst” in the precious metals and diamonds sector for Canada. For the past decade she has been rated among the top three analysts in the sector by Brendan Wood International.

Ms. Jakusconek has a B.Sc. in Geology, and an M.Sc. Applied (MINEX) both from McGill University. She most recently held the position of Director of Equity Research-Precious Metals Analyst at the National Bank Financial. Ms. Jakusconek resides in Toronto.

Tahoe has released financials for 1Q 2011. The Company ended the first quarter 2011 with working capital of $442 million, compared to $433.9 million as at December 31, 2010. The complete set of the Company’s unaudited consolidated financial statements and the MD&A for the 1Q 2011 will be posted today on SEDAR at www.sedar.com and Tahoe’s website.

In other Company news, the Board of Directors approved an exploration budget increase from $6 million to $12 million, expanding planned drilling to 65,000 metres for the year. Tahoe plans to employ seven surface drill rigs on-site through the remainder of 2011. Work is underway to commence driving the East and West development declines into the Escobal vein system. The first twin boom jumbo is being commissioned and blasthole drilling and tunneling in the decline areas is scheduled by mid-month. Recent Escobal construction photos are posted on Tahoe’s website.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

Download the News Release (PDF)

The Company initially adopted a Shareholder Rights Plan effective March 3, 2011 (the “Initial Rights Plan”). Based on comments received from ISS, the Company has made certain non-material, technical amendments to the Initial Rights Plan and as a result has adopted an amended Shareholder Rights Plan effective April 1, 2011 (the “Amended Rights Plan”). A copy of the Amended Rights Plan is available on SEDAR at www.sedar.com, and a blackline copy of the Amended Rights Plan, showing the changes made to the Initial Rights Plan, is available on Tahoe’s website at www.tahoeresourcesinc.com. At the Meeting, shareholders will be asked to consider and vote upon, among other things, a resolution to approve the Amended Rights Plan, which has replaced the Initial Rights Plan.
The Amended Rights Plan has not been instituted in response to any proposal to acquire control of Tahoe, nor is Tahoe aware of any such proposals.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

Download the News Release (PDF)

# # #

Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes Tahoe’s plans for the Escobal Project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s annual information form available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

The Rights Plan provides Tahoe’s board and shareholders with additional time to evaluate any unsolicited takeover bids and provides the board with adequate time, where appropriate, to seek out alternatives to maximize shareholder value. The Rights Plan is effective immediately and is subject to approval by shareholders at the annual meeting of Tahoe shareholders to be held on May 2, 2011. Tahoe believes the Rights Plan is consistent with current institutional investor guidelines.

The Rights Plan has not been instituted in response to any proposal to acquire control of Tahoe, nor is Tahoe aware of any such proposals. A copy of the Rights Plan is available on SEDAR at www.sedar.com.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to the expected effects of the Rights Plan and Tahoe’s plans for the Escobal Project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

VANCOUVER, B.C. (February 16, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to announce that the environmental agency responsible for permitting mining activities in Guatemala (MARN) has reviewed and approved the Environmental Impact Assessment (EIA) for the Escobal Project underground exploration program. In addition, the land and surface rights required for the mine and project facilities have been acquired. Tahoe will proceed immediately towards development of infrastructure and excavation of the portal sites for two declines into the Escobal mineral zones.

“The standards required by the professionals at both the Mines and Energy Ministry and the Environment Ministry meet the high level you would expect to encounter in North America,” said Kevin McArthur, President and Chief Executive Officer of Tahoe Resources. “Over two years of base-line environmental data collected at the site have been used to design rigorous environmental safeguards into the project work plan. The project incorporates features which will provide the highest levels of environmental protection and workforce safety, while minimizing community impacts. The country of Guatemala has clearly demonstrated that it is open to responsible development of mineral opportunities.”

Work Plan
The underground declines are designed to provide step-out and in-fill drilling platforms for resource enhancement and stope design purposes, to provide access to metallurgical bulk samples, to furnish a valuable training ground for the future underground work force and to allow rapid project development upon full project approval. Decline cross sections are designed to be 6 meters in height and 5 meters in width to allow for 45 tonne truck haulage. During 2011 Tahoe plans to complete 1,950 meters of underground excavation work at Escobal to access drill stations in the East and Central zones of the deposit.

Major equipment has been ordered to implement the work plan, including four 9.5 cubic yard (7.3 cubic meter) LHDs, three 45 tonne haul trucks, three rock bolters, three twin-boom jumbos and the ventilation and power generation facilities needed for an operation of this size. Substation equipment has also been ordered for the permanent power, which will require the construction of a 7 kilometer power line later in the year.

Tahoe currently employs 117 people in the San Rafael area in the exploration, community relations, technical and management functions. A variety of tasks to advance the project will be starting within the next few days. A new 1.5 kilometer access road into the project site will be constructed in order to minimize community impacts over the project life. A temporary laydown yard, fuel storage facility, maintenance shop and runoff control facilities will be constructed. Immediately following this work, the portal excavations will commence. Full-scale tunneling operations are expected to be underway in May.

Surface Ownership Acquired
In addition to the acquisition of the permit, the surface rights needed for the full scale Escobal Project have been procured. These surface rights total 250 hectares, entailing the entire project area, including roads, stockpiles, mill site, tailings facility and all infrastructure needed for future full-scale mine development. Owners of the land purchased by Tahoe have been provided an option to re-purchase the land at the end of the mine life and will receive a pro-rata portion of a one-half percent NSR royalty from the production of minerals at the mine.

Full Project Timeline
A preliminary economic assessment (PA) was completed for the Escobal Project in November, 2010 for a 3,500 tonne per day mining and processing operation. The PA calculated a Base Case after-tax NPV of $1.7 billion (using a 5% discount) and an after-tax IRR of 51%. The initial capital cost of the project was estimated to be $326.6 million with sustaining capital costs over the remaining mine-life estimated at $102.2 million. The payback period was estimated at 1.5 years subsequent to reaching commercial production

The mine is fully financed and permit applications for mining and processing operations are planned to be submitted in the second quarter of the year. Contingent on project approval by the permitting agencies and receipt of the exploitation license, it is possible that the mine can be ready for a construction decision by as early as the third quarter of 2011.

Construction is expected to commence in May 2012 or earlier, subject to acquisition of all necessary permits. Production is projected for late 2013 with commercial production commencing in early 2014. The first five years of commercial production at the Escobal Mine are expected to reach 20 million annual ounces of silver at a total cash cost of less than $3.00 per ounce of silver produced, net of by-product credits.

Benefits to Guatemala
The Escobal Project will employ over 800 employees during peak construction and in excess of 500 people throughout the 18 year mine life. The mine will pay annual Guatemalan wages and salaries of approximately $17 million and will contribute approximately $2 million annually in payroll taxes. Income taxes and royalties to the Guatemalan Federal Government will average $16.5 million per year and royalties and taxes to the local governments near the project are expected to average $3 million annually. Expected purchase of goods and services in Guatemala will be $25 million annually with IVA taxes averaging $6 million per year. Goods and services purchased in Guatemala during the three year underground exploration and construction period are expected to reach $70 million. In addition, the Company continues to be involved in and to fund numerous social projects, educational assistance plans, infrastructure improvement campaigns and sustainable agricultural programs in the communities surrounding Escobal Project.

Exploration Update
Excluding the cost of the underground decline project, Tahoe plans to spend $6 million on Escobal drilling and regional exploration in 2011. Surface drilling is projected to total 32,800 meters during the year. The three surface drill rigs on site have been prioritized since August 2010 to provide geotechnical, metallurgical and hydrological data in the Escobal zones. Recently, all drilling has returned to supporting exploration efforts, and two additional drills have been ordered to accelerate step-out and district drilling programs in the coming months.

The exploration program has been designed to meet four objectives: 1) further defining Escobal vein extensions through surface drilling; 2) underground drilling from the exploration declines; 3) upgrading twelve other veins in the district to drill-ready status; and 4) drill testing the top three targets defined by the regional exploration program. The regional area is defined by concessions covering over 2,000 square kilometers in the Escobal district.

Other than ongoing Escobal exploration, drilling has started on the Beto and Margarito veins that transect the Escobal structure. In addition, the more distal Arenas and Sb vein zones are planned for drill testing later in the year. The top three regional targets, also scheduled for drilling later in the year, are the Morales silver-copper target, the San Nicolas high sulfidation system and the three kilometer long Varejones epithermal vein system. A full exploration report detailing progress on these areas is expected by year-end.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

Cautionary Note
The 43-101 Preliminary Assessment (PA) dated November 2010 is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Consequently there is no certainty that the Preliminary Assessment will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s May 27, 2010 long-form prospectus under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

The common shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by GMP Securities L.P., and including BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Capital Markets, Dundee Securities Corporation and TD Securities Inc.

Goldcorp Inc. has subscribed for 10,285,692 common shares in order to maintain its ownership position of 41.2%.

The net proceeds from the offering will be used for ongoing work at the Escobal Project, including feasibility study work, baseline studies and environmental documentation, permitting for full mine operations, underground exploration declines, and mine construction, to carry out potential acquisitions and for general working capital purposes.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Tahoe expects to close the year with approximately $425 million in cash and no debt.It anticipates no further financing needs prior to developing the Escobal Project into a commercial mining operation. Additional information can be found on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for development of the Escobal Project into a commercial mining operation. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals and Tahoe’s ability to operate in a safe, efficient and effective manner. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration and development activities, the interpretation of drilling results and other geological data, the uncertainties of mineral resource and mineral reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus dated December 17, 2010 available at www.sedar.com.

# # #

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

###

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 3,255,612 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional amount of approximately C$45,904,129 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$351,931,657.

Goldcorp Inc. has indicated that they intend to subscribe for such number of Common Shares from the Offering that will maintain their current ownership position of 41.2%.

The Common Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, other than Québec.

The Company intends to use the net proceeds to fund the advancement and development of the Escobal Project, for acquisitions and for general corporate purposes.

The Offering is expected to close by December 24, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The Common Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Common Shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Tahoe Resources Inc.

Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information can be found on Tahoe’s website: www.tahoeresourcesinc.com

# # #

Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888

# # #

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, B.C. (November 29, 2010) – Tahoe Resources Inc. (TSX: THO) is pleased to announce the completion of an updated National Instrument (NI)43-101 compliant resource estimate and an independent Preliminary Assessment (PA) for its 100% owned Escobal Project in southeastern Guatemala. The PA defines a 3,500 tonne per day underground mining operation which would produce metals concentrates with very high silver content.

Highlights (all figures in U.S. Dollars)

• Significantly enhanced resource confidence: Indicated silver resourcehas beenexpanded by 144% to245.2 million ounces at 500 g/t average grade.Inferred silver resource amounts to71.7 million ounces at 271 g/t average grade.
• Feasibility-level metallurgical testing has confirmed recoveries averaging87% for silver and 75% for gold in metal concentrates.
• Mine life is18 years at a planned production rate of 3,500 tonnesper day, with direct employment of approximately 500 employees in Guatemala.
• Years one through five production averagesover 19 million silver ounces per yearat a total cash cost ofless than $3.00 perounce silver(net of by-product credits)which would makeEscobal one of the largest and lowest cost silver mines in the world.
• After-tax net present value at a 5% discount (NPV5) amounts to $ 1.729 billion.
• After-tax internal rate of return (IRR) is¬51% on an initial capital cost of $326.6 million with a payback of 1.5 years.
• Over 90% of the project surface rights have been acquired, with the remainder under negotiation or under contract.
• Significant upside remains in the Escobal vein trend and in other regional opportunities.

“We are extremely pleased with the Preliminary Assessment which projectsEscobalto beone of the world’s premier silver mines in terms of size, cost and economics,” said Kevin McArthur, President and Chief Executive Officer of Tahoe Resources. “The project design incorporates features which will provide the highest levels of environmental protection, workforce safety and operating efficiency, while minimizing community impacts. It is our intent to responsibly build this mine for the benefit of all stakeholders – governments, employees, communities and shareholders. We are now very focused on completing the remaining permitting and feasibility efforts leading to a construction decision in early 2012.”

Updated Mineral Resource Estimate1
The Escobalvein has been drilled along a strike length of approximately 1,700 metresand a vertical extent of 800 metres. The resourceestimate was updated by Mine Development Associates (MDA) incorporating data from nearly 12,000 samples from 220 diamond drill holes totaling 61,469metres.

The mineral resource estimate for the Escobal deposit contains 245.2 million ounces of silver classified as Indicated resources and 71.7 million ounces of silver classified as Inferred resources, with significant amounts of gold, lead, and zinc reported in both resource categories. A summary of the Indicated and Inferred resources, using a cut-off grade of 150 grams per tonne silver equivalent, is provided in the following table (grades refer to average grades):

MDA modeled and estimated the Escobal deposit resources by refining the geologic model, evaluating the drill data statistically, interpreting mineral domains on cross sections and level plans, analyzing the modeled mineralization statistically to establish estimation parameters, and estimating silver, lead, gold, and zinc grades into a three-dimensional block model using inverse distance cubed (ID3).

Silver-equivalent Indicated resources total 300.3 MM ounces at an average grade of 612 g/t and silver-equivalent Inferred resources total 95.2 MM ounces at an average grade of 359 g/t.

Preliminary Assessment
The PA calculates aBase Case after-tax NPV5 of $ 1.729 billion, with an after-tax IRR of 51%. The initial capital cost of the project is estimated to be $326.6 million with sustaining capital costs over the remaining mine-life estimated at $ 102.2 million. The payback period for the Base Case is estimated at 1.5 years after reaching commercial production. Economic sensitivities at different metals prices and discount rates were calculated as follows:

Mr. McArthur added, “One feature of the world’s best mines is the ability to repay capital investment in a short period of time. At today’s spot metals prices, expected Escobal payback occurs approximately one year after the start of commercial production – and the low total cash costs should allow the mine to remain profitable through any conceivable market price fluctuations. Furthermore, Escobal is a new discovery with very little regional exploration to-date. We expect to see resource growth over time and have incorporated future expansion possibilities into the design concept.”

Mining and Processing
The PA is based on an underground mine operation, mine backfill plant, tailings filtration, processing and concentrate production facility and the infrastructure capable of operating at 3,500 tonnesper day.

Extraction of the mineral resources will utilizelongholestoping methods, with paste backfill used to fill open voids. The mine will be developed via two primary development declines for the transportation of personnel, equipment, and materials, as well as transport of the mined resources to the surface for processing. Additional primary development will include two ventilation shafts and drifts connecting the primary declines. A total of 13,000 meters of primary and secondary underground development is contemplated during the 18-year mine life. The primary declines will also serve as platforms for exploration and definition drilling during the feasibility phase of the project.

Mineral processing will use differential flotation to produce lead and zinc concentrates for sale to a third-party smelter. Feasibility-level test work completed to date on the sulfide resources demonstrates recoveries of 87% for silver, 75% for gold, 83% for lead, and 83% for zinc, with the majority of precious metals reporting to the lead concentrate. Based on current test results, the lead concentratesare expected to contain very high levels of silver, between 15,000 and 30,000 grams per concentrate tonne, with very little in the way of penalty elements. Concentrates will be bagged and delivered to port in sea containers.

Over the mine life, mine production is expected to total 22.6 million tonnesat average diluted grades of 415 g/t silver, 0.47 g/t gold, 0.71% lead, and 1.22% zinc. Average total cash cost is expected to be $3.05 per silver ounce over the 18-year mine life, net of gold and base metal by-product credits.

Capital Costs
Capital costs for the Escobal Project include all project costs commencing January 1, 2010. The project capital costs were prepared by M3 Engineering and Technology Corporation of Tucson, Arizona. Initial capital costs are summarized as follows:

Sustaining capital costs over the remainder of the mine-life amount to $102.2 million primarily attributed to underground development and equipment replacement costs.

Operating Costs
M3 Engineering also prepared the operating cost estimates, working closely with Tahoe management personnel. Base Case unit costs are as follows:

Project Timeline
The Escobal project feasibility study is underway and is expected to be completed in 2011. Baseline studies and environmental documentation has been ongoing for nearly two years. Permitting for full mine operations is scheduled concurrent with the feasibility study and it is expected that the mine can be fully financed and ready for a construction decision by May 2012.

Underground exploration declines in the East and Central Zones are planned to commence in 2011. An application to amend the current exploration permit is on file with regulatory agencies and permits are expected early in 2011. The exploration declines will allow for efficient in-fill drilling and for deep drilling in the deposit with minimal surface disturbance.

Construction is expected to commence in May 2012, subject to project financing and acquisition of all necessary permits. Production is projected for late 2013 with commercial production being reached in early 2014.

Exploration Program
In 2009 and the first half of 2010, exploration programs at Escobal were designed to improve confidence in the established Inferred resource. This program succeeded in expanding the 2010 Indicated resource by 144% to 245.2 million silver ounces.

Ongoing exploration is designed to meet four objectives: further defining Escobal vein extensions through surface drilling;commencement of theunderground exploration decline in early 2011 to provide drilling platforms for in-fill drilling and deep extensional drilling; upgrading twelve other veins in the district to drill-ready status; and exploring new targets through the regional exploration program. The exploration budget for 2011 amounts to $3.5 million, excluding the underground decline project.

Exploration drilling continues to expand the known limits of the Escobal vein down-dip and laterally under post-mineral cover. Drilling in these areas is testing targets indicated byrecently completedstructural analysis and clay-alteration interpretations of the Escobalvein and surrounding satellite veins. Three diamond drills are currently testing these project targets.
Drilling in 2011 is designed to delineate new ore shoots within the Escobal structure through wider and deeper extensional step-outs. This program will be carried out principally from surface collars with underground drilling planned later in the year when drill stations are in place along the planned exploration decline.

As Escobal transitions into project development in 2011, a portion of our exploration effort will move to a regional focus. Using the geologic model developed at Escobal, prospective areas will be evaluated throughout the region while a more concentrated effort will be made to upgrade and drill viable targets that lie within Tahoe’s currently held concession areas. Twelve veins in addition to the Escobal vein have been discovered on the Company’s concessions. During 2010, clay alteration studies were completed over most of these occurrences and interpretation is underway for determining drill targets for 2011.

Preliminary Economic Assessment Contributors
The Escobal preliminary economic assessment was conducted by M3 Engineering andTechnology Corporation of Tucson, Arizona under the supervision of Conrad Huss, PE, Daniel Roth, PE, and Tom Drielick, PE. The updated resource estimate was completed by Mine Development Associates of Reno, Nevada under the supervision of Paul Tietz, CPG.Huss, Roth, Drielickand Tietz are Qualified Persons as defined by NI 43-101 and are independent of Tahoe Resources Inc. as defined in Section 1.4 of NI 43-101 and Section 3.5 of Companion Policy 43-101CP to NI 43-101. Mr. Tietz verified the mineral resource data herein by conducting a site visit, which included verifying drill locations and survey data, reviewing sample handling, data collection procedures, and independent verification sampling; completing a full audit of the assay database and review of the QA/QC data; and analysis of core recovery and its relationship to metal grades.

Metallurgical testing was performed at FLSmidth-Dawson Metallurgical Laboratories in Salt Lake City, Utah. Pakalnis& Associates of Vancouver, BC conducted the preliminary geotechnical analysis. Consultoria y TecnologiaAmbiental, S.A. of Guatemala City performed the environmental baseline work.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. The PA has been filed with SEDAR and additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

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Qualified Person Statement
This news release has been reviewed by Charles Muerhoff, Licensed Geologist and Technical Services Director for Tahoe Resources Inc., a Qualified Person as defined by NI 43-101.

Cautionary Note
The PA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Assessment will be realized.For a full description of known risks that could materially affect potential development of the project, see the Company’s May 27, 2010 long-form prospectus under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Mobile: 775-771-1461
Fax: 775-562-8888